Cost of Living Comparison Between Reykjavik and Torrevieja 
| Indices Difference |  |
|---|---|
| Consumer Prices in Torrevieja are 48.2% lower than in Reykjavik (without rent) | |
| Consumer Prices Including Rent in Torrevieja are 53.7% lower than in Reykjavik | |
| Rent Prices in Torrevieja are 65.5% lower than in Reykjavik | |
| Restaurant Prices in Torrevieja are 53.8% lower than in Reykjavik | |
| Groceries Prices in Torrevieja are 54.3% lower than in Reykjavik | |
| Local Purchasing Power in Torrevieja is 19.3% lower than in Reykjavik | |
Restaurants | Reykjavik Edit |
Torrevieja Edit | Difference |
|---|---|---|---|
| Meal, Inexpensive Restaurant |
2,945.00 kr (19.64 €) |
1,799.00 kr (12.00 €) |
-38.9 % |
| Meal for 2 People, Mid-range Restaurant, Three-course |
17,000.00 kr (113.40 €) |
6,746.25 kr (45.00 €) |
-60.3 % |
| McMeal at McDonalds (or Equivalent Combo Meal) |
2,350.00 kr (15.68 €) |
1,199.33 kr (8.00 €) |
-49.0 % |
| Domestic Beer (1 pint draught) |
1,500.00 kr (10.01 €) |
318.57 kr (2.12 €) |
-78.8 % |
| Imported Beer (12 oz small bottle) |
1,250.00 kr (8.34 €) |
374.79 kr (2.50 €) |
-70.0 % |
| Cappuccino (regular) |
711.18 kr (4.74 €) |
274.94 kr (1.83 €) |
-61.3 % |
| Coke/Pepsi (12 oz small bottle) |
399.51 kr (2.66 €) |
203.89 kr (1.36 €) |
-49.0 % |
| Water (12 oz small bottle) |
288.03 kr (1.92 €) |
89.95 kr (0.60 €) |
-68.8 % |
Markets | Reykjavik Edit |
Torrevieja Edit | |
| Milk (regular), (1 gallon) |
856.52 kr (5.71 €) |
561.82 kr (3.75 €) |
-34.4 % |
| Loaf of Fresh White Bread (1 lb) |
464.58 kr (3.10 €) |
143.78 kr (0.96 €) |
-69.1 % |
| Rice (white), (1 lb) |
207.81 kr (1.39 €) |
77.35 kr (0.52 €) |
-62.8 % |
| Eggs (regular) (12) |
821.68 kr (5.48 €) |
341.81 kr (2.28 €) |
-58.4 % |
| Local Cheese (1 lb) |
965.37 kr (6.44 €) |
659.02 kr (4.40 €) |
-31.7 % |
| Chicken Fillets (1 lb) |
1,233.09 kr (8.23 €) |
466.94 kr (3.11 €) |
-62.1 % |
| Beef Round (1 lb) (or Equivalent Back Leg Red Meat) |
1,982.11 kr (13.22 €) |
720.81 kr (4.81 €) |
-63.6 % |
| Apples (1 lb) |
212.21 kr (1.42 €) |
148.51 kr (0.99 €) |
-30.0 % |
| Banana (1 lb) |
134.69 kr (0.90 €) |
101.90 kr (0.68 €) |
-24.3 % |
| Oranges (1 lb) |
175.06 kr (1.17 €) |
112.67 kr (0.75 €) |
-35.6 % |
| Tomato (1 lb) |
309.60 kr (2.07 €) |
143.56 kr (0.96 €) |
-53.6 % |
| Potato (1 lb) |
196.68 kr (1.31 €) |
108.31 kr (0.72 €) |
-44.9 % |
| Onion (1 lb) |
140.44 kr (0.94 €) |
113.78 kr (0.76 €) |
-19.0 % |
| Lettuce (1 head) |
439.56 kr (2.93 €) |
149.92 kr (1.00 €) |
-65.9 % |
| Water (1.5 liter bottle) |
281.00 kr (1.87 €) |
85.45 kr (0.57 €) |
-69.6 % |
| Bottle of Wine (Mid-Range) |
2,749.50 kr (18.34 €) |
749.58 kr (5.00 €) |
-72.7 % |
| Domestic Beer (0.5 liter bottle) |
434.15 kr (2.90 €) |
96.39 kr (0.64 €) |
-77.8 % |
| Imported Beer (12 oz small bottle) |
355.89 kr (2.37 €) |
187.40 kr (1.25 €) |
-47.3 % |
| Cigarettes 20 Pack (Marlboro) |
1,650.00 kr (11.01 €) |
802.05 kr (5.35 €) |
-51.4 % |
Transportation | Reykjavik Edit |
Torrevieja Edit | |
| One-way Ticket (Local Transport) |
570.00 kr (3.80 €) |
232.37 kr (1.55 €) |
-59.2 % |
| Monthly Pass (Regular Price) |
9,300.00 kr (62.03 €) |
6,371.46 kr (42.50 €) |
-31.5 % |
| Taxi Start (Normal Tariff) |
730.00 kr (4.87 €) |
329.82 kr (2.20 €) |
-54.8 % |
| Taxi 1 mile (Normal Tariff) |
504.53 kr (3.37 €) |
284.70 kr (1.90 €) |
-43.6 % |
| Taxi 1hour Waiting (Normal Tariff) |
9,630.00 kr (64.24 €) |
3,205.22 kr (21.38 €) |
-66.7 % |
| Gasoline (1 gallon) |
1,194.08 kr (7.96 €) |
898.30 kr (5.99 €) |
-24.8 % |
| Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) |
5,790,000.00 kr (38,621.47 €) |
4,493,750.62 kr (29,975.00 €) |
-22.4 % |
| Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) |
6,031,000.00 kr (40,229.03 €) |
4,443,956.88 kr (29,642.86 €) |
-26.3 % |
Utilities (Monthly) | Reykjavik Edit |
Torrevieja Edit | |
| Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment |
11,714.74 kr (78.14 €) |
15,074.95 kr (100.56 €) |
+28.7 % |
| Mobile Phone Monthly Plan with Calls and 10GB+ Data |
3,254.67 kr (21.71 €) |
2,203.77 kr (14.70 €) |
-32.3 % |
| Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) |
9,516.13 kr (63.48 €) |
3,496.39 kr (23.32 €) |
-63.3 % |
Sports And Leisure | Reykjavik Edit |
Torrevieja Edit | |
| Fitness Club, Monthly Fee for 1 Adult |
9,103.59 kr (60.72 €) |
6,496.39 kr (43.33 €) |
-28.6 % |
| Tennis Court Rent (1 Hour on Weekend) |
4,014.29 kr (26.78 €) |
1,274.29 kr (8.50 €) |
-68.3 % |
| Cinema, International Release, 1 Seat |
2,000.00 kr (13.34 €) |
1,236.81 kr (8.25 €) |
-38.2 % |
Childcare | Reykjavik Edit |
Torrevieja Edit | |
| Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child |
33,406.33 kr (222.83 €) |
37,479.15 kr (250.00 €) |
+12.2 % |
| International Primary School, Yearly for 1 Child |
831,666.67 kr (5,547.53 €) |
899,499.71 kr (6,000.00 €) |
+8.2 % |
Clothing And Shoes | Reykjavik Edit |
Torrevieja Edit | |
| 1 Pair of Jeans (Levis 501 Or Similar) |
14,445.76 kr (96.36 €) |
8,995.00 kr (60.00 €) |
-37.7 % |
| 1 Summer Dress in a Chain Store (Zara, H&M, ...) |
6,045.00 kr (40.32 €) |
4,122.71 kr (27.50 €) |
-31.8 % |
| 1 Pair of Nike Running Shoes (Mid-Range) |
19,661.90 kr (131.15 €) |
9,931.98 kr (66.25 €) |
-49.5 % |
| 1 Pair of Men Leather Business Shoes |
24,273.12 kr (161.91 €) |
8,995.00 kr (60.00 €) |
-62.9 % |
Rent Per Month | Reykjavik Edit |
Torrevieja Edit | |
| Apartment (1 bedroom) in City Centre |
259,077.12 kr (1,728.14 €) |
78,706.22 kr (525.00 €) |
-69.6 % |
| Apartment (1 bedroom) Outside of Centre |
231,532.66 kr (1,544.41 €) |
63,714.56 kr (425.00 €) |
-72.5 % |
| Apartment (3 bedrooms) in City Centre |
375,965.52 kr (2,507.83 €) |
149,916.62 kr (1,000.00 €) |
-60.1 % |
| Apartment (3 bedrooms) Outside of Centre |
334,230.77 kr (2,229.44 €) |
122,431.90 kr (816.67 €) |
-63.4 % |
Buy Apartment Price | Reykjavik Edit |
Torrevieja Edit | |
| Price per Square Feet to Buy Apartment in City Centre |
81,846.89 kr (545.95 €) |
20,891.39 kr (139.35 €) |
-74.5 % |
| Price per Square Feet to Buy Apartment Outside of Centre |
64,681.33 kr (431.45 €) |
14,623.97 kr (97.55 €) |
-77.4 % |
Salaries And Financing | Reykjavik Edit |
Torrevieja Edit | |
| Average Monthly Net Salary (After Tax) |
513,380.43 kr (3,424.44 €) |
191,893.27 kr (1,280.00 €) |
-62.6 % |
| Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate | 8.14 | 2.91 | -64.3 % |
| Last update: | April 2024 | May 2024 | |
| Contributors in the past 12 months: | 163 | 21 |
Moving to Reykjavik? Explore:
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| Cost of Living in Murcia | 44.00 miles |
| Cost of Living in Benidorm | 69.29 miles |
| Cost of Living in Calp (Calpe) | 81.84 miles |
| Cost of Living in Ontinyent | 91.73 miles |
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